Nov 25, 2007

Lehman Bros.

Part of a series The Great American Write-Down

Lehman Bros. (LEH) Lehman wrote $700 million off in the third quarter and have stated that any further write-downs should be neutralized by their hedges. It appears that they were quickest of the big nameplates to start shorting their mortgage exposure.

Stock Market Update - Thu Nov 15 09:35:48 EST 2007